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Learning from Microfinance's Woes

Harvard Business Review

A few weeks ago, I attended a lecture about microfinance, and got sucker-punched. Expecting to hear a litany of pros and cons about the business, and an exploration of good and bad models, I was instead greeted with a knockout punch: Microfinance doesn't work, at least not in the way we think it does. That's nice.

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Lessons for Social Entrepreneurs from the Microfinance Crisis

Harvard Business Review

The microfinance industry has in just a few years gone from making headlines for the Nobel Peace Prize to stories about limited impact, allegedly abusive tactics, client suicides, government crackdowns, major lenders struggling with insolvency and the forcible removal of Mohammed Yunus as Managing Director of Grameen Bank.

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Servant Leadership Observer ? November 2010

Modern Servant Leader

Book Says Servant Leadership Critical for Marketing Leaders. Peer-to-Peer Microfinance: A Sustainable Solution to Poverty. Open Leadership Book Review. Servant Leadership Review: Battle Los Angeles Movie. Introducing the Modern Servant Leader Logo. What Does Your Twitter Follower Ratio Say About You? Virtual Mentors.

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Businesses Serving the Poor Need to Get Over Their Unease About Profit

Harvard Business Review

Prahalad and his colleagues more than a decade ago in a series of articles and books, and it has stuck in the minds of businesspeople, policy makers, and nonprofits despite results that can only be described as dismal. The microfinance industry is a rare D and E success story. It's more than just conventional wisdom.

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How Social Entrepreneurs Can Have the Most Impact

Harvard Business Review

You can find the answer to the timing question nestled among the facts that David Bornstein lays out in the preface to his book, How to Change the World. What happened in 2006? And is this kind of rapid growth good news? Amplify the voices of the constituents you seek to serve.

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What is the best way to make a difference in the world?

CO2

This question is at the heart of Jacqueline Novogratz’s inspirational book, The Blue Sweater. Over time, she learns that “solutions to poverty must be driven by discipline, accountability, and market strength, not easy sentimentality.” Jacqueline starts off as a young woman who was determined to save the people of Africa.